A group of millionaires have made headlines recently requesting Congress to raise taxes on them. Many are Democrat donors including such leftist darlings as Ben and Jerry’s founder Ben Cohen. These self-sacrificers say that it is vital to the economy and the nation’s financial help that Congress raise their taxes. The first question that comes to my mind is why does it take government impetus | Read More »

Five hundred billion more, freshly printed, absolutely valueless, dollars. It’s being fronted as a boost to the economy through funneling money to the mega banks, who will then presumably buy more of Fannie and Freddie’s marginal and junk mortgages in the form of securities and bonds. What they are doing is absolute Keynesian garbage. People all over the country have used basic economics to figure | Read More »

The Federal Reserve, along with the Obama Administration, are seemingly ecstatic with the idea of reintroducing us to the Carter Administration. Global stock markets surged and the U.S. dollar fell against major currencies following a Federal Reserve decision to pump $600 billion into circulation to push interest rates lower. It is a move intended to accelerate the U.S. economic recovery, and while investors appear to | Read More »

To say that Obama is a Bolshevik may sound extreme, but as someone who grew up in the former Soviet Union, and holds degrees in economics and political science from the University of Marxism-Leninism, the American political landscape reveals a scary reality: the United States elected a Radical Socialist Government committed to the transformation of the American capitalist free-enterprise system into an egalitarian society with | Read More »

On Monday the Treasury sold Treasury Inflation Protected Securities at negative yields, meaning that buyers expect inflation to be rapid enough to lift their yields into the positive range. That is scary enough as it is. But at least this gives the inflationists in the federal government and at the Federal Reserve a reason to keep inflation low. If they do, buyers of these TIPS | Read More »

A new Rasmussen poll is almost hard to believe. The majority of Americans say that they don’t believe the Fed will keep inflation under control. That’s not the hard to believe part. The part that strikes me is that 41% of Americans believe that the Fed will keep inflation under control.

Voters must decide in November to eradicate from the halls of government those who are willing to destroy the value of Americans’ money and savings in order to pay for the vast projects they dream up for the ‘good’ of the people.

Your savings are being slowly stripped of their value by a major dollar dilution being led by the Federal Reserve. This dollar dilution is called “quantitative easing” (QE). If you see those words in the newspaper, consider it a sign that you’re getting poorer.

The first warning was in mid February, the bad news was that led by China, foreign countries dumped U.S. Treasury bills at a record rate in December. The worry was that the weak marketplace lead to a rise in interest rates to make the bills more attractive to investors. The interest rate rise which could be the beginning of an inflationary period. According to the Treasury Department foreign holdings of U.S. Treasury bills fell by a record $53 billion in December. That topped the previous record drop of $44.5 billion in April 2009.

schiffsuperbomb.com The American economy stands at a precipice, as government bureaucrats threaten to gouge what remains of the free sector and plunge we the people into an inescapable abyss. Neoliberals have lent their support to globalist elites, who intend to take out the American economy by tanking the US dollar. The will be a key topic on the table at tomorrow’s G20 meeting in Scotland. | Read More »

The stock market sits at around 10,000, still down about 3,000 since it’s high in 2007. The Obama administration and like minded economists point to the stock market as proof that the economy is turning around. Both seem to ignore important economic data that effects you and I everyday and will definitely effect us in 2010. 1. Don’t die in 2010. If you do, your | Read More »

America’s annual deficit just came in at $1.4-trillion and national debt continues to climb. If we continue to spend and ask the Federal Reserve to print more paper money to cover the debt, we could be on the Road to Zimbabwe. Last year, Zimbabwe was printing currency with face value of $100-trillion thanks to government-created inflation. That’s $100,000,000,000,000.00. More details here.

As the administration’s impotent fiscal policies drive an increasing number of investors overseas, Americans have been losing their jobs and their homes at a record rate. U.S. foreclosure filings climbed to a record in the third quarter as lenders seized more properties from delinquent borrowers, according to RealtyTrac Inc. A total of 937,840 homes received a default or auction notice or were repossessed by banks, | Read More »

Economist David Malpass wrote on Wednesday that the US administration’s weak dollar policy is causing job losses because investors are fleeing towards stronger currencies. Bond buyer Bill Gross of the Pimco fund summed up the situation nicely in a recent CNBC interview. Asked whether low interest rates will weaken the dollar, the influential allocator of global capital said: “I think that’s part of the administration’s | Read More »